Meta ordered to face FTC's antitrust lawsuit over Instagram, WhatsApp acquisitions
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A judge has largely denied Meta's motion to dismiss the FTC's antitrust lawsuit, which challenges Meta's acquisitions of Instagram and WhatsApp. The lawsuit alleges that Meta acted illegally to maintain its social network monopoly.
November 13, 2024 | 5:15 pm
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Meta is required to face the FTC's antitrust lawsuit regarding its acquisitions of Instagram and WhatsApp. The judge's decision to deny Meta's motion to dismiss the case suggests ongoing legal challenges.
The judge's decision to allow the FTC's antitrust lawsuit to proceed indicates potential legal and regulatory challenges for Meta. This could lead to increased scrutiny and possible restrictions on its business practices, negatively impacting investor sentiment in the short term.
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